It saw its share price more than double in its early hours of trading, jumping from its €240 listing price on Tuesday, opening at €400 per share on Wednesday before surging to €480. The shares closed around €455.

Adyen has seen payment volumes grow significantly, creating a European rival to US giant PayPal with around around €108bn in transactions in the year ending 2017 - although PayPal currently processes around the same volume every three months.

The soaring price comes at a renewed period of interest in technology listings, with Swedish streaming giant Spotify hosting a $30bn float in New York earlier this year.

For the year ending December 2017, Adyen produced €1.1m in revenues. The company has also turned a healthy profit, unlike many tech rivals, with €71.3m in net income in 2017.

Adyen also secured eBay as a new client, capturing the online auction site from an exclusive deal with payment provider PayPal. Adyen will provide a new option for payments when PayPal's deal with eBay ends in 2020.

Adyen president Pieter van der Does said: "This listing will only help us to continue to do what we are doing now: helping our merchants grow and reshaping the payments industry."